Tag Archives: Jim Cramer

Who is Jim Cramer?

Leave Jim Cramer alone!

I don’t know him, don’t even watch his program, “Mad Money,” but I thought I remembered something in the back of my mind about his charity.  Now that he is under attack, I looked up some facts about his generosity and found that he is quite a giving guy.  Here’s just a couple quick examples:

**TheStreet.com, Inc. (Nasdaq: TSCM), a leading provider of financial commentary, analysis, research, news and ratings, today announced that James J. Cramer, co-founder, director and largest shareholder of TheStreet.com, made the final distribution of his trading profits of 2006 from his charitable trust on February 9, 2007.

The distribution for 2006 trading profits is $93,000, with the entire sum going to the Imus Ranch, a working cattle ranch, which benefits children who suffer from cancer and serious blood disorders or who have lost a sibling to Sudden Infant Death Syndrome (SIDS). “Helping sick children is important to me,” said Jim Cramer, last week in a letter to Action Alerts Plus subscribers. “I’ve been Wall Street chairman of the St. Jude’s Children’s Research Hospital for about a decade — and I’m grateful to have the opportunity to give more. I’m proud of the Action Alerts PLUS service and proud of what we’re able to accomplish through it.” Mr. Cramer gave away $141,520 in trading profits in 2005 from the Action Alerts Plus service. The total was distributed to the Imus Ranch, the Intrepid Fallen Heroes Fund, which gives aid to members of the country’s armed forces, and the Boys & Girls Club of Greater Baton Rouge to help victims of Hurricane Katrina.

**NEW YORK–(BUSINESS WIRE)–March 31, 2008–TheStreet.com, Inc. (Nasdaq: TSCM), a leading financial media company, today announced that for the third consecutive year James J. Cramer, co-founder and director of TheStreet.com, has distributed trading profits from his charitable trust.

Mr. Cramer manages his Action Alerts PLUS portfolio (www.actionalertsplus.com) as a charitable trust with the intention of distributing all realized gains to worthy charities. The Action Alerts PLUS service, which allows subscribers to track Mr. Cramer’s actual investments in individual stocks, is intended to act as an educational tool with a focus on making money that the charitable trust can distribute.

“The 2007 trading profits totaling $472,349 will be distributed to help several different organizations across the country, promoting education, healthcare, economic development, and children’s medical research,” said Mr. Cramer. “I am proud that the performance of the charitable trust this year has afforded me the opportunity to impact a diverse spectrum of worthwhile causes.”

Stop chopping the man up for criticizing Obama!!

Posted:  03.12.09

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Filed under Barack Obama, Financial Crisis, Human Interest, politics, President Barack Obama, Uncategorized

Camille Paglia weighs in on Obama, Rush Limbaugh

Camille Paglia tells it like it is about the “orchestrated attack on Rush Limbaugh.”  I’m taking this segment out just because it echos my opinion and and gives me a chance to talk about it again.

She says of the Bash Rush Blitz that has been going on now for at least two weeks…..

“This entire fracas was set off by the president himself, who lowered his office by targeting a private citizen by name.”

She goes on the say…..

“President Obama — in whom I still have great hope and confidence — has been ill-served by his advisors and staff. Yes, they have all been blindsided and overwhelmed by the crushing demands of the presidency. But I continue to believe in citizen presidents, who must learn by doing, even in a perilous age of terrorism. Though every novice administration makes blunders and bloopers, its modus operandi should not be a conspiratorial reflex cynicism.

Case in point: The orchestrated attack on radio host Rush Limbaugh, which has made the White House look like an oafish bunch of drunken frat boys. I returned from carnival in Brazil (more on that shortly) to find the Limbaugh affair in full flower. Has the administration gone mad? This entire fracas was set off by the president himself, who lowered his office by targeting a private citizen by name. Limbaugh had every right to counterattack, which he did with gusto. Why have so many Democrats abandoned the hallowed principle of free speech? Limbaugh, like our own liberal culture hero Lenny Bruce, is a professional commentator who can be as rude and crude as he wants.”

And that is so true.  Limbaugh talks for a living and he can talk about anything he wants to.  He has worked to get where he is, and he was doing so while Obama was still in Hawaii or Indonesia and before he even hit the shores of main side USA.

Since this whole thing erupted, I started listening to Rush Limbaugh.  Frankly, three hours is way too long for me.  I lose interest, but who was it who said “I will defend to the death his right” to say whatever he wants to.  Some things I am agreeing with and some not, but I hear stuff every day all day long I don’t agree with, but that’s not the point.  And for the President of the United States to call him out by name, as he did, and for his “advisers” such as Begala, Carville, Emaunel, et al, with the help of a willing MSM, to launch a personal attack on a private citizen is just disgusting and way over the top.

What about freedom of speech?  Jim Cramer and Rush Limbaugh are private citizens who happen to have an audience, but they are not in politics, they can’t vote on anything, they don’t form policy, they talk.  So let them talk.

See Ms. Paglia’s article in Salon Here.

Posted:  03.11.09

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Filed under Barack Obama, Human Interest, Media, politics, President Barack Obama, Uncategorized

Jim Cramer surprised at assaults, wants a real debate

Quoting Jim Cramer, “Let’s Have a Real Debate,” March 8, 2009:

“”Suddenly, bloggers, opinion people, columnists and, yes, pundits who haven’t paid attention to anything I have been saying or writing for the past 18 months are all over me. Suddenly, I find myself in the center of a firestorm over Obama’s economic policies, taking enfilading fire from the “liberal” media (from serious columnist Frank Rich to entertainer Jon Stewart) while being defended by Rush Limbaugh, the standard-bearer for the Republicans.””

What a surprise!  Cramer actually criticized Obama and his master plan and because of that, he is the subject of personal attacks.  These people dive into action to search any and everything about a person in order to discredit them personally.   I’m sure they have looked up every word he has ever said, and probably what he buys at the grocery store.  I have seen how these media hos work.

Cramer wants an honest debate on the issues.  He’ll never get it.  Never.  This is what he said, below, and they will never stop until they destroy him if they possibly can.

President Obama’s team, unlike Bush’s team, demonstrates a thinness of skin that shocks me. When I somewhat obviously and empirically judged that the populist Obama administration is exacerbating the crisis with its budget and policies, as evidenced by the incredible decline in the averages since his inauguration, I was met immediately with condescension and ridicule rather than constructive debate or even just benign dismissal. I said to myself, “What the heck? Are they really that blind to the Great Wealth Destruction they are causing with their decisions to demonize the bankers, raise taxes for the wealthy, advocate draconian cap-and-trade policies and upend the health care system?

We may see him on tv (probably Larry King, Live “Media Rehab”) crying and begging for forgiveness soon, but I hope not.  I also hope he has a lot of money saved up or does not mind sleeping in his car.  Bless him, Lord.

See all of his excellent article Here.

Posted:  03.09.09

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Filed under Barack Obama, Financial Crisis, Human Interest, Media, politics, Uncategorized

Highlights this week on the economy, Cramer, Gibbs, “Wealth Destruction”

Jim Cramer, “Greatest wealth destruction by a president.”

Robert Gibbs responds (giggling).

Cramer responds to Gibbs Here.

GOP Sen. John McCain’s amendment to strip the omni-pork package of an estimated 8,500 earmarks worth roughly $8 billion was defeated yesterday afternoon.

See yeas and nays Here.

Some of the same republicans voting against this, Snowe, Collins, Specter, among others.

Rewind:

“”During the 2008 presidential campaign, candidates Barack Obama and John McCain fought vigorously over who would be toughest on congressional earmarks.

“We need earmark reform,” Obama said in September during a presidential debate in Oxford, Miss. “And when I’m president, I will go line by line to make sure that we are not spending money unwisely.””

Dow up 149 points today closing at 6876.
Dow was 9000+ in January.

Posted:  03.04.09

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Filed under Barack Obama, Financial Crisis, Human Interest, politics, President Barack Obama, Uncategorized